The post Investors Flock to BlockDAG Attracted by its 15,000 TPS and Low Fees Despite Surge in RNDR and Toncoin appeared on BitcoinEthereumNews.com.

The crypto market is experiencing a significant slump, but not all tokens are affected. While many cryptocurrencies struggle, Toncoin and Render (RNDR) have seen notable surges. Toncoin’s daily transaction volume and growing user base indicate a strong bullish trend and Render’s retail investor activity boosts its market presence. However, BlockDAG is gaining massive recognition as its presale crosses $53.5 million. With a remarkable 1120% price increase from batch 1 to batch 18 and a high transaction throughput of 10000-15000 TPS, coupling low fees with near-instant confirmations, BlockDAG is not just surviving the bearish market but thriving. Examining Toncoin Surges and Market Dynamics Recently, Toncoin (TON) has shown remarkable resilience and growth. The transaction volume of TON has reached an impressive $10 billion daily, indicating its increasing popularity and robust adoption. The number of TON token holders has increased from 2.9 million to 32 million. Currently trading at around $7.59, TON has experienced a 5.95% increase.  This growth contrasts sharply with the sluggish performance of many other cryptocurrencies. TON’s enhanced credibility is bolstered by ambitious plans to onboard 500 million users by 2028. However, investors also remain cautious amid the volatile crypto market, as rapid growth can also attract heightened regulatory scrutiny and market manipulation risks. Render Price: Insights into Short-Term Targets   Render (RNDR) has also been making strides, particularly driven by retail investors. The token, associated with the distributed GPU network, has seen a 4.04% increase. The number of active addresses on the Render network has risen by 13.37% over the past week, indicating an engaged user base.  Despite the lack of significant whale activity, retail investors have shown growing confidence in RNDR, increasing their holdings substantially. The Market Value to Realised Value (MVRV) ratio suggests that RNDR is well-positioned for accumulation, with potential short-term price targets of $8.58 and…

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Filed under: News - @ June 26, 2024 8:14 am